CMDMay 2017

COMMANDER RESOURCES LTD

SOUTH VOISEY’S BAYNI-CU-CO PROJECT

LABRADOR

CMD

DisclaimerThe information contained herein, while obtained from sources which we believe are reliable, is not guaranteed as to its accuracy or completeness. The company is an exploration stage mineral resource exploration company and none of its mineral projects have yet to be proven to be economic. The contents of this presentation is for information purposes only and does not constitute an offer to sell or a solicitation to purchase any securities referred to herein.

Forward-looking StatementsThis presentation includes certain forward-looking statements about future events and/or financial results which are forward-looking in nature and subject to risks and uncertainties. Forward-looking statements include without limitation, statements regarding the company’s plans, goals or objectives and future exploration, development, potential mineralization, exploration results and future plans and objectives of Commander. Forward-looking statements can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, or “continue” or the negative thereof or variations thereon or similar terminology. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from expectations include risks associated with mining generally and exploration stage projects in particular. Potential investors should conduct their own investigations as to the suitability of investing in securities of Commander.

Bernard Kahlert, P.Eng , VP Corporate Development is the Qualified Person responsible for the technical content of this presentation.

CORPORATE DISCLOSURE

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SVB Project: Searching for the next Voisey’s Bay

The Asset• Top tier Ni Cu Co opportunity• Large 76 km2 land position over the Pants Lake Gabbro Complex, 85 km

south of Vale’s Voisey’s Bay Mine• >$20 million in exploration data, • Known Ni, Cu, Co occurrences• drill ready targetsThe Opportunity• 20 years of research and new technology to drive data-mining• Building a premier exploration team headed up by Dawn Evans-Lamswood,

member of original discovery team at Voisey’s Bay and recent Exploration Manager of Brown Field Exploration for Vale at Voisey’s Bay

• Pipeline of targets including drill ready conductors

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85% owned by Commander with 15% JV partner FjordlandExploration Inc.

85 KM South of Vale’s Voisey’s Bay Mine

SVB Project

South Voisey’s Bay (SVB) Location

Commander’s Projects and Royalties

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SVB Project: Searching for the next Voisey’s Bay

• 7,644 Ha (76 km2) over the Pants Lake Gabbro Complex– Recently expanded from 4,260 Ha

• 85% Commander, 15% Fjordland (earning up to 100% interest)• Located 85 km south of Vale’s Voisey’s Bay Mine

– 2016 P+P Reserves: 33.8 MT @ 2.20% Ni, 1.02% Cu, 0.13% Co• (2016 SEC Form 20F Disclosure)

• Extensive proprietary exploration database reflecting >$20 million in work - drilling, geophysics and geochemistry

• Integrated compilation and modelling of geophysics has never been done

• New geological understanding from 10 years of mining and research at Voisey’s Bay

• 2014 UTEM3 survey outlined large horizontal conductor plus 4 strong vertical conductors

Drill Ready 5

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Vale’s Voisey’s Bay Deposit

• World class Nickel Mine and Significant Cobalt producer

• Deposit purchased by Inco for $4.3 billion in 1998

• Nickel sulphides collect at base of thicker intrusions and within feeder dykes.

• Plus footwall high grade veins

• 2016 P+P Reserves: 33.8 MT @ 2.20% Ni, 1.02% Cu, 0.13% Co (Vale-2016 SEC Form 20F Disclosure)

A BCross Section looking North

EASTERN DEEPS

EASTERN DEEPS

WESTERN DEEPS(Reid Brook)

WESTERN DEEPS(Reid Brook)

OVOID

OVOID

Plan View of Mineralization

2 KM

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DDH 97-67: 0.6 m @ 1.93 % Ni, 1.07 % Cu, 0.26 % Co

DDH 97-75: 1.1 m @ 11.75 % Ni, 9.70 % Cu, 0.43 % Co

SVB: 1997 Northern Abitibi Discovery*

* Located on adjacent property 2.5 km west of Sarah target

Pants Lake Gabbro at SVB is a direct geological analogue to Voisey’s Bay intrusives including the presence of Magmatic Nickel Cobalt mineralization

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SVB Project

THREE PRIORTY TARGETS• Sandy: 5 near surface UTEM

conductors defined adjacent to and at base of Worm Gabbro.

• Sarah: deep target at thickest portion of intrusion- untested off-hole Pulse EM anomaly.

• South Gabbro: recently acquired. historical holes had anomalous nickel and cobalt

• Additional targets indicated from geophysical modelling

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2014 UTEM survey

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NA zone

5 Km

Sarah

SouthGabbro

Sandy

SANDY TARGET: 5 shallow conductors targeted for first phase drilling

SARAH TARGET: proposed geophysics and drilling

SOUTH GABBRO:high nickel and cobalt in all 8 holes drilled

South Voisey’s Bay (SVB) Drill Targets

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SVB Sandy Target

Drill ready shallow conductors from 2014 UTEM survey

2002 UTEM surveyIndications of conductor at S edge of loop

2014 UTEM surveyRepositioned loop outlines full 800m horizontal anomaly plus 4 outside-of-loop vertical conductors

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B’

B

SVB Sarah Target

Gabbro Thickness(from drill hole data)

Sarah Target: an “Eastern Deeps”-style target at base of thickest part of the Black gabbro”

Off-hole PEM anomaly in hole 03-143

Needs additional UTEM 5

Gabbro Thickness

500 m

0 m5 Km

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South Voisey’s Bay Sarah Target

Off-hole Pulse EM anomaly

Cross Section looking West

Hole 143 drilled in 2003 last hole drilled on property

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SVB South Gabbro Target

Hole Int (m) Ni % Cu % Co % Rock Unit98-100 12.1 0.22 0.14 0.02 Basal gabbro97-086 1.8 0.29 0.19 0.06 Basal gabbro97-089 12.7 0.26 0.22 0.02 Gabbro02-137 4.6 0.52 0.38 0.08 Basal gabbro02-138 18.3 0.27 0.22 0.03 Basalt gabbro/footwall

incl. 0.3 0.98 0.19 0.13 Basal gabbro02-138 0.8 1.37 0.64 0.16 Footwall dyke

02-139B 2.0 0.33 0.10 0.07 Basal gabbro/footwall02-140 0.8 1.57 0.60 0.09 Basal gabbro/footwall02-141 1.9 0.56 0.29 0.03 Basalt gabbro/footwall

SVB-02-138, 297.74-298.51 m: Massive sulphide vein in footwall0.77 m @ 1.37% Ni, 0.64% Cu SOUTH GABBRO

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SVB South Gabbro Target

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Magnetics

AMTGround PEMMegatem

Heli AEMGravity

SVB- Extensive geophysics to be processed

integration and modelling of existing geophysical dataexpected to generate additional targets

CMD 2002 Drilling by Falconbridge at South Gabbro

CMD Discovery Hill at Voisey’s Bay